Prominent Crypto CEO: Bitcoin (BTC) Passing $6,200 To Spark “Major Bull Run”

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Crypto Winter Might Not Be Over Just Yet
The brutal, nearly 16-month long “crypto winter” might not be done just yet, according to Vinny Lingham anyway. Lingham, the chief executive of blockchain startup Civic and investor, recently issued a multi-part thread on the matter, breaking down why he believes that the ongoing rally in Bitcoin (BTC) might not be sustainable.

And interestingly, Lingham pins his thought process to a single fact: altcoins, or what the blockchain entrepreneur calls “various crypto assets” have yet to decouple from the price action of Bitcoin, the de-facto grandfather of digital assets. But why so?

As Lingham remarks, if BTC rallies or collapses, so do altcoins. While the moves are often on different magnitudes (Litecoin, I’m looking at you), overall trends are similar. This, in the eyes of the Civic CEO, who is also a partner at somewhat Ethereum-wary fund Multicoin Capital, doesn’t exactly make sense, as Bitcoin’s fundamentals, specifically the underpinning Network Value, often outpace that of other projects. He elaborates:

"This makes no sense. How can we have a situation where the market price of one asset dictates the value ascribed to other unrelated assets ,irrespective of whether or not anything changes in their own separate networks."

Read More : https://ethereumworldnews.com/crypto-ceo-bitcoin-passing-6200-spark-bull-run/